"Robert Kiyosaki of 'Rich Dad, Poor Dad' Claims $1.2 Billion Debt as Leverage Against Banks"
Robert Kiyosaki, the author of 'Rich Dad, Poor Dad,' has revealed that he is $1.2 billion in debt, a deliberate strategy based on his belief in using debt to acquire assets, not liabilities. He differentiates between good debt (for wealth-building) and bad debt, and prefers investing in tangible assets like gold, silver, Bitcoin, and real estate over holding cash, which he distrusts since the dollar left the gold standard. Kiyosaki's approach involves leveraging debt to enhance wealth, particularly through real estate investments. Despite the potential risks and his own past financial challenges, Kiyosaki maintains that strategic debt can be a powerful tool in wealth accumulation.